Privately-held transaction processing company First Data
filed paperwork for its return to public markets on July 20,
after nearly eight years of being run by a private equity firm.

First Data was bought by KKR in 2007 in what was at the time one
of the biggest leveraged buyouts on Wall Street. The $26 billion
deal ranks among the largest LBOs ever and at the time it was
announced, was the second biggest in Wall Street history.

Over the years First Data has faced some struggles as many of the
biggest LBOs of the pre-crisis era did facing billions in debt.
KKR had to refinance its debt for the First Data deal, but
still avoided seeing another of its big investments go bust
during the financial crisis.

First Data's IPO filing does not make a mention of any of the
banks that will lead the offering. Right now, it intends to sell
about $100 million worth of stock — although that amount could
change.

According to the offering paperwork, First Data processed 74
billion transactions totaling more than $1.9 trillion globally in
2014.